Argonautica Private Wealth Management Inc. Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Argonautica Private Wealth Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,146 shares of the semiconductor company’s stock after buying an additional 95 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TSM. Capital World Investors lifted its position in Taiwan Semiconductor Manufacturing by 1.7% during the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after purchasing an additional 704,804 shares during the period. Capital International Investors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after buying an additional 5,643,949 shares during the period. Van ECK Associates Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.3% in the 2nd quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock worth $3,157,635,000 after buying an additional 750,971 shares during the last quarter. GQG Partners LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 25.1% in the first quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock worth $1,161,633,000 after acquiring an additional 1,710,673 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Taiwan Semiconductor Manufacturing by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock valued at $1,071,242,000 after acquiring an additional 296,892 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Friday. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $192.95 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.21. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $89.46 and a 1 year high of $212.60. The firm has a fifty day moving average price of $180.45 and a 200-day moving average price of $168.08. The stock has a market cap of $1.00 trillion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.01%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.